Jim Cramer on First Solar: “We Gotta Wait Another Quarter for That One”

First Solar, Inc. (NASDAQ:FSLR) is one of the stocks on Jim Cramer’s radar. When a caller inquired about the stock during the lightning round, Cramer remarked:

That was a really bad quarter… I know… I shouldn’t be so shortsighted, but I mean, that was one awful quarter. We gotta wait another quarter for that one.

Photo by AlphaTradeZone

First Solar, Inc. (NASDAQ:FSLR) specializes in manufacturing advanced thin-film solar modules that provide a cleaner, more sustainable alternative to traditional silicon panels. During the January 9 episode, a caller highlighted their success with the stock and noted that they had recently purchased shares on margin at $275. In response, the Mad Money host commented:

Oh, wow. No, we don’t want that. You don’t live in, you know, you can do a loan for a house, you can live in it… But First Solar is not good enough to be, it’s 16 times earnings, but and I like the company very much, but no. You’re going to have to take, you got, you have to cut your losses. I will not, I can’t tolerate…buying on… margin.

Furthermore, we recently discussed Freedom Capital’s downgrade of the company’s stock, which you can read about here.

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